The Foreign-Currency Translation Adjustment Is Part of Other Comprehensive Income

question 14

True/False

The foreign-currency translation adjustment is part of other comprehensive income.

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Definitions:

Include Tax

Include tax means that the price or sum of money mentioned already has the tax amount included in it, not requiring additional payment for tax.

One Hundred Dollar Bill

A denomination of U.S. currency featuring the likeness of Benjamin Franklin, commonly used in large transactions.

Pencils

A common tool used for writing or drawing, typically made of a narrow, solid pigment core encased in a protective casing.

Tickets

Documents or electronic vouchers that grant the holder the right to enter an event, travel on a vehicle, or participate in a lottery.